Analyst

Steve

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/nippon-paint-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:7387:1" rel="noopener">Nippon Paint Holdings (4612 JP)</a>'s 2Q24 was largely uneventful, with sales up 5.4% yoy and net profit up 7.3% yoy.</li>
<li>Management maintained its full-year guidance of Y184bn operating profit target in 2024 (10% growth vs. 2023).</li>
<li>China was a bright spot with operating profit up 30% yoy and made up 35% of total operating profit of the company. </li>
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Nippon Paint Holdings (4612 JP)'s 2Q24 was largely uneventful, with sales up 5.4% yoy and net profit up 7.3% yoy.
Management maintained its full-year guidance of Y184bn operating profit target in 2024 (10% growth vs. 2023).
China was a bright spot with operating profit up 30% yoy and made up 35% of total operating profit of the company. 


Nippon Paint (4612 JP):  Stable Execution in 2Q24; Outlook Unchanged